The media reported that the entertainment colossus Disney has initiated its third round of redundancies, which will affect over 2,500 employees across the board.
According to sources cited by Deadline, no particular division is being targeted for layoffs this week, despite the fact that Parks and Resorts remains essentially unaffected.
This week, the company began removing scores of titles from its streaming platforms as a cost-cutting measure.
According to the report, the television division, which was severely affected by the second round of cutbacks, is largely spared this time, with only a small number of employees losing their jobs.
In addition, the report noted that the latest round of layoffs occurs as media companies struggle to cope with the effects of the ongoing writers’ strike, which has halted the production of films and television programs.
The first round of layoffs began in March when Disney CEO Bob Iger announced three cycles of layoffs to reduce the company’s personnel by approximately 7,000 employees.
Disney initiated its second round of reductions in April, affecting 4,000 employees.
The entertainment behemoth disclosed in February that it expects to save $5.5 billion through redundancies and other cost-cutting measures.